LG Display (NYSE:LPL) Upgraded by UBS Group to Neutral Rating

UBS Group upgraded shares of LG Display (NYSE:LPL) from a sell rating to a neutral rating in a research note published on Tuesday, Marketbeat reports.

Separately, Morgan Stanley raised shares of LG Display from an “underweight” rating to an “equal weight” rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, LG Display currently has an average rating of “Reduce”.

LG Display Stock Down 0.5%

Shares of NYSE LPL opened at $4.93 on Tuesday. LG Display has a 1 year low of $2.43 and a 1 year high of $5.00. The company has a market capitalization of $4.93 billion, a P/E ratio of -11.73, a P/E/G ratio of 0.29 and a beta of 1.41. The company has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $3.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37.

LG Display (NYSE:LPL) last released its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. On average, equities research analysts predict that LG Display will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

Large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in LG Display by 21.2% in the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after buying an additional 3,661 shares in the last quarter. Inspire Investing LLC grew its stake in shares of LG Display by 29.5% in the 2nd quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker’s stock valued at $64,000 after buying an additional 4,259 shares in the last quarter. BSW Wealth Partners boosted its holdings in LG Display by 32.1% in the second quarter. BSW Wealth Partners now owns 17,697 shares of the electronics maker’s stock worth $61,000 after purchasing an additional 4,298 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of LG Display by 47.4% in the 2nd quarter. Yousif Capital Management LLC now owns 16,340 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 5,255 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in LG Display by 28.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 26,711 shares of the electronics maker’s stock worth $91,000 after acquiring an additional 5,921 shares during the last quarter.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.